CareTrust REIT (CTRE) FY2024 results: revenue $296 million, up 36.1% on the year
CareTrust REIT, Inc. (CTRE) reported revenue of $296 million for fiscal 2024, the year ended 31 December 2024, up 36.1% on the year before. Net income was $125 million, up 132.8%, and diluted earnings per share $0.80. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2025.
Revenue
$296 million
+36.1% on the year
FY2017FY2024
Operating margin
39.9%
26.6% a year earlier
FY2017FY2024
Net income
$125 million
+132.8% on the year
FY2017FY2024
Diluted EPS
$0.80
+60.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
244
155
144
+57.8%
Cash from investing
-1,514
-268
-127
Cash from financing
1,189
394
-23.7
+201.5%
Depreciation and amortisation
56.8
51.2
50.3
+11.0%
Share-based compensation
6.1
5.2
5.8
+19.0%
Dividends paid
172
115
106
+49.1%
Dividend per share
$1.16
$1.12
$1.10
+3.6%
Diluted shares, weighted
155m
106m
97m
+46.2%
Shares outstanding at period end
187m
130m
99m
+43.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,908
1,417
849
+105.3%
Non-controlling interest
2.7
1.9
0.0
+43.5%
Redeemable equity
18.2
0.0
0.0
Debt
397
596
719
-33.4%
Other liabilities
111
70.5
51.9
+57.0%
Total liabilities and equity
3,437
2,085
1,621
+64.9%
Intangible assets
3.5
n/a
n/a
Cash and equivalents
214
294
13.2
-27.4%
Other assets
3,220
1,790
1,608
+79.8%
Total assets
3,437
2,085
1,621
+64.9%
10-K for the year ended 31 December 2024, filed 12 February 2025: the filing.